USD/CHF – 30M – SELLBesides a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.77525 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.77934 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79684 |
| 2nd High | 0.79142 |
| Next High | 0.77934 |
| Current Price | 0.77519 |
| Next Low | 0.77525 |
| 2nd Low | 0.77305 |
| 3rd Low |
0.77934 – 0.77926 – 0.79142 – 0.77525 – 0.77305 – 0.77526 —
0.77749 – 0.77757 —
54.124941529764 – 37.608132466531 —
– —
0.77934 – 1769439600
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –